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Article: CIRCLE K ANNOUNCES A JOINT VENTURE WITH SOUTHGUARD CORPORATION.
- Article from:
- Business Wire
- Article date:
- May 3, 1995
CopyrightCOPYRIGHT 1995 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PHOENIX, Ariz.--(BUSINESS WIRE)--May 3, 1995--The Circle K Corporation (NYSE:CRK) and Southguard Corporation of Corpus Christi, Texas, today announced the formation of a new joint venture to operate 164 convenience stores in Texas and Oklahoma. Terms of the transaction were not disclosed.
Under the May 1 agreement, Circle K and Southguard became owners of SSP, a newly established operating company that will run 137 convenience stores in South Texas and 27 stores in the Texas/Oklahoma border area, employing approximately 1,500 people. SSP has entered into a franchising agreement to operate these stores under the "Circle K" name. As a result of the transaction, all ...